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Nov 12, 2012
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dominic is still with us. i suppose the question is what we've sort of global equities have priced in in terms of a scenario for the fiscal cliff. what do you think it is? >> i think markets have been sanguine about the whole issue and it's only after the election that we began to see nervousness. and i still think the likely outcome is the market will have to put further pressure on both sides before a deal is finally done. and i actually don't think we'll good a deal done this side of the new year. >> you yu don't? >> no, i don't. because the republicans have put themselves in a difficult position because they've actually said no way that they will endorse tax hikes. if they allow the tax increases to automatically go through on the 31st, they can then talk about tax cuts for the middle classes in january. it's cynical, but it may be what actually happens. >> so what happens on that? because there are some saying u.s. equitieses have already priced in the fiscal cliff and they look at it as a measuring of eq
dominic is still with us. i suppose the question is what we've sort of global equities have priced in in terms of a scenario for the fiscal cliff. what do you think it is? >> i think markets have been sanguine about the whole issue and it's only after the election that we began to see nervousness. and i still think the likely outcome is the market will have to put further pressure on both sides before a deal is finally done. and i actually don't think we'll good a deal done this side of...
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Nov 8, 2012
11/12
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eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do more to root it out. >> eunice, we're having trouble with your sound. we'll get the bite rolled as soon as we can. when we hear from -- i'd like to go back to eunice if we can to stay on this issue. but there's been a lot of focus in the last couple of days as to whether china's next leaders will be reformists or conservatives and just what the influence is of some of the older party leaders. so should investors actually be bracing not fo
eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you...
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Nov 15, 2012
11/12
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eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country the way that he wants. he gets the three top titles, the most powerful are party chief, president as well as military commander. that is very significant because it allows him to have more control over his own agenda. when he went to meet the press this morning, he was looking very casual, looking a about folksy. when he was youtd lining the challenges ahead for the nation. >> our party faces many challenges and there are many pressing problems that need to be resolved. the problems among our party members of corruption, taking bribes, being out of touch with the people, undue emphasis on formalities must be addressed with great efforts. the whole party must be vigilant against them. >> the problem is, though, that it's still unclear how he's going to tackle all of those challenges and just how aggressive
eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country the way that he wants. he gets the three top titles, the most powerful are party chief, president as well as military commander. that is very significant because it allows him to have more control over his own agenda. when he went to meet the press this morning, he was...
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Nov 1, 2012
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dan, stay with us. we'll be back with you in just a second. >> no signs of any real pick up from japan's consumer giant in their latest earnings. still battling a stubbornly strong yen, weak demand. sony numbers all missed market expectations. market cap 120 billion, this year worth only $11 billion. >> ouch. >> how the mighty can fall. >> and panasonic trading at it lowest level since 1978. so really a lot of trouble in the japanese tech sector. sharp lost more than $3 billion in its latest quarter despite being profitable a year earlier. still sharp's president admits the company will turn to profit helped by massive job cuts and the sale of overseas assets. >> and still to come, big lines at gas stations in the u.s. hit by sandy. we'll discuss the outlook for prices with a guest who says shortages will continue for several days in the hardest hit areas. >>> plenty of focus on energy today. weaker prices taking their toll on shell. posting a 15% drop in its third quarter profit following a fall in pri
dan, stay with us. we'll be back with you in just a second. >> no signs of any real pick up from japan's consumer giant in their latest earnings. still battling a stubbornly strong yen, weak demand. sony numbers all missed market expectations. market cap 120 billion, this year worth only $11 billion. >> ouch. >> how the mighty can fall. >> and panasonic trading at it lowest level since 1978. so really a lot of trouble in the japanese tech sector. sharp lost more than $3...
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Nov 16, 2012
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joining us now is martin fletcher following the story for us. martin, good morning. we've heard the violence continuing. what's the latest now? >> israel's complain for the cease fire was that palestinians shoulds also cease fire and that didn't happen. and there's been a flurry of activity this morning with israeli airplane strikes on the targets. so more of the same. 85 separate israeli air strike this is 45 minutes. but at least there was an attempt. and the cease fire is a mission of support, but also to try to encourage hamas to deal with the more longer term cease fire. there is a possibility that the turkish prime minister will also visit gaza. so there are s. a lot of international pressure building up on hamas to agree to a cease-fire mainly because everyone is of a phrase of an israeli ground invasion. all signs are that ez really is really building up its forces. 16,000 soldiers have been summoned to their bases. so israel is making every preparation for an invasion of ground invasion of gaza. doesn't mean it could happen. it could just be a show of force.
joining us now is martin fletcher following the story for us. martin, good morning. we've heard the violence continuing. what's the latest now? >> israel's complain for the cease fire was that palestinians shoulds also cease fire and that didn't happen. and there's been a flurry of activity this morning with israeli airplane strikes on the targets. so more of the same. 85 separate israeli air strike this is 45 minutes. but at least there was an attempt. and the cease fire is a mission of...
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Nov 21, 2012
11/12
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thank you for joining us. the central bank has been criticized by some for not cutting sooner and more aggressively. and the key policy rate still sits at 4.5% with growth coming down so rapidly, shouldn't the bank be moving more quickly. >> well, of course, i can talk about myself and my own views, and i think that we are trying still to continue saying normal monetary policy, and when i look around in europe, especially western europe, i don't see many similar cases. that does not necessarily mean that we are wrong. >> who are you more critical of, the bank of england with its qe policy, or the ecb, which has been r been resistant on moving more quickly? >> i would put more criticism on the bank of england or the fed. in any case, i would agree with what a german philosopher once wrote in 2009 that would resolve around policies that it is a kind of a robbery of the future by the present. we are trying to avoid that. to an extent, it is possible for a small open economy. >> all well and good academically, but
thank you for joining us. the central bank has been criticized by some for not cutting sooner and more aggressively. and the key policy rate still sits at 4.5% with growth coming down so rapidly, shouldn't the bank be moving more quickly. >> well, of course, i can talk about myself and my own views, and i think that we are trying still to continue saying normal monetary policy, and when i look around in europe, especially western europe, i don't see many similar cases. that does not...
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Nov 13, 2012
11/12
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justin, thanks for joining us. first of all, this little spat on the two year extension, how much >> of course they're politicians and in jean claude's own words, different circumstances. they have to get reelected. christine lagarde is head of the imf and the imf needs to get the problem sorted out as quickly as possible regardless of political concerns. so you can see which way they're coming from here. as i say, the mnumber 120% is plucked out of the air. there already appears differences over what the current 2020 is, some are saying 14 #%. but reporting that some of the troy came members are saying this, others saying between 140 and 150. of course they do rely on quite a lot of assumptions about gross tax receipts and spending cuts. >> with a matters isn't the 2020 versus 2022 language. what they're implying is whether the official sector has to take. yesterday we heard smaghi say he thinks a maturity extension will happen. so is that going to extend to the official sector and does it have to in your view? >>
justin, thanks for joining us. first of all, this little spat on the two year extension, how much >> of course they're politicians and in jean claude's own words, different circumstances. they have to get reelected. christine lagarde is head of the imf and the imf needs to get the problem sorted out as quickly as possible regardless of political concerns. so you can see which way they're coming from here. as i say, the mnumber 120% is plucked out of the air. there already appears...
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Nov 29, 2012
11/12
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let us know. worldwide@cnbc.com, @cnbcwex. >>> stick around because coming up, mervyn king is out with the uk's financial stability report and rumors are swirling about new capital requirements for banks. >>> tim geithner will head to capitol hill today to meet with congressional leaders on, yes, the fiscal cliff. geithner's president lead negotiator in the budget talks. he'll meet first with harry reid at 10:00 a.m. and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal for higher taxes for those who make more than a quarter million dollars a year. sdl bo >> b
let us know. worldwide@cnbc.com, @cnbcwex. >>> stick around because coming up, mervyn king is out with the uk's financial stability report and rumors are swirling about new capital requirements for banks. >>> tim geithner will head to capitol hill today to meet with congressional leaders on, yes, the fiscal cliff. geithner's president lead negotiator in the budget talks. he'll meet first with harry reid at 10:00 a.m. and then with house republicans including speaker john...